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Concepts and Measurements of Economic Interdependence: The Case of the United States and Mexico

Author

Listed:
  • María del Rosío Barajas-Escamilla

    (Social Studies Department, El Colegio de la Frontera Norte, Tijuana, BC 22560, Mexico)

  • Amir Kia

    (Finance and Economics Department, Utah Valley University, Orem, UT 84058–5999, USA)

  • Maritza Sotomayor

    (Finance and Economics Department, Utah Valley University, Orem, UT 84058–5999, USA)

Abstract

We developed a theoretical model capable to analyze U.S. fiscal and monetary policy effects on Mexican exports in order to provide an alternative approach to the study of economic interdependence. The model was estimated for the sample period of 1980–2013. The existing literature evidences quantified interdependence through trade flows and ignores the role of the U.S. fiscal and monetary policies. This paper uses the concept of sensitivity, from the economic interdependence literature, to verify the long and short run relationships between the U.S. and Mexico in a context of trade integration. Our findings confirm Mexico’s sensitivity to unanticipated shocks in particular coming from the U.S. monetary policy, the exchange rate and the world oil price.

Suggested Citation

  • María del Rosío Barajas-Escamilla & Amir Kia & Maritza Sotomayor, 2016. "Concepts and Measurements of Economic Interdependence: The Case of the United States and Mexico," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 16(1), pages 63-90, March.
    • Handle: RePEc:wsi:gejxxx:v:16:y:2016:i:01:n:gej-2015-0034
    DOI: 10.1515/GEJ-2015-0034
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    Cited by:

    1. Roman Matkovskyy, 2019. "Extremal Economic (Inter)Dependence Studies: A Case of the Eastern European Countries," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 17(3), pages 667-698, September.

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